Consolidated-Tomoka Land Co. (NYSEAMERICAN:CTO) Director George R. Brokaw purchased 500 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were acquired at an average cost of $59.10 per share, with a total value of $29,550.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
NYSEAMERICAN CTO opened at $59.49 on Wednesday. Consolidated-Tomoka Land Co. has a 52 week low of $49.23 and a 52 week high of $67.01.
Consolidated-Tomoka Land (NYSEAMERICAN:CTO) last released its earnings results on Tuesday, April 16th. The financial services provider reported $1.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.25 by ($0.01). The firm had revenue of $14.26 million during the quarter, compared to the consensus estimate of $11.87 million.
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Friday, May 10th will be paid a $0.10 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.67%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its stake in shares of Consolidated-Tomoka Land by 825.6% during the first quarter. BNP Paribas Arbitrage SA now owns 796 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 710 shares during the period. BW Gestao de Investimentos Ltda. acquired a new stake in shares of Consolidated-Tomoka Land during the first quarter worth $102,000. Denali Advisors LLC grew its stake in shares of Consolidated-Tomoka Land by 3,492.1% during the first quarter. Denali Advisors LLC now owns 2,263 shares of the financial services provider’s stock worth $134,000 after purchasing an additional 2,200 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Consolidated-Tomoka Land by 16.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,800 shares of the financial services provider’s stock worth $148,000 after purchasing an additional 400 shares during the period. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of Consolidated-Tomoka Land during the first quarter worth $221,000.
Separately, Zacks Investment Research raised Consolidated-Tomoka Land from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research note on Wednesday, February 6th.
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Consolidated-Tomoka Land Company Profile
Consolidated-Tomoka Land Co, together with its subsidiaries, operates as a diversified real estate operating company in the United States. The company operates through four segments: Income Properties, Commercial Loan Investments, Real Estate Operations, and Golf Operations. It owns and manages commercial real estate properties.
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